Question : _____ is the interest rate at which the Reserve Bank absorbs liquidity from banks against the collateral of eligible government securities under the LAF.
Option 1: SDF Rate
Option 2: Reverse Repo Rate
Option 3: Bank Rate
Option 4: Repo Rate
Correct Answer: Reverse Repo Rate
Solution : The correct option is the Reverse Repo Rate
The reverse repo rate is the interest rate at which the Reserve Bank of India (RBI) absorbs liquidity from banks by lending money to them against the collateral of eligible government securities. The Liquidity Adjustment Facility (LAF) is a monetary policy tool used by the RBI to manage liquidity in the banking system, and it includes both repo and reverse repo operations.
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Question : Kanchan lent INR 10,000 for 2 years and INR 5,000 for 4 years at the same rate of simple interest. If the total interest received by Kanchan is INR 2,000, then what was the rate of interest?
Option 1: 5%
Option 2: 2%
Option 3: 3%
Option 4: 4%
Question : A sum amounts to INR 7,656 in 4 years and to INR 8,120 in 5 years at a certain simple interest rate percent per annum. The rate of interest is:
Option 1: 4%
Option 2: 3%
Option 3: 7%
Option 4: 8%
Question : Ramesh borrowed INR 15,000 at a certain rate of simple interest from a bank. He repaid (the principal but not interest) INR 6,000 after 5 years, and after 5 more years he paid INR 18,600 and settled his account. Find the rate of simple interest per annum.
Option 1: 12%
Option 2: 10%
Option 3: 8%
Option 4: 6%
Question : "The Name You Can Bank Upon" is the slogan of which of the following banks?
Option 1: HDFC Bank
Option 2: State Bank of India
Option 3: Punjab National Bank
Option 4: Canara Bank
Question : At some rate of Simple interest, A lent Rs. 6,000 to B for 2 years and Rs. 1,500 to C for 4 years and received 900 as interest from both of them together. The Rate of interest per annum was:
Option 2: 6%
Option 4: 10%
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